XML 36 R34.htm IDEA: XBRL DOCUMENT
v3.20.1

Leases (Tables) | 9 Months Ended
--- | ---
Mar. 29, 2020
Leases [Abstract] |
Schedule of Balance Sheet Location and Values of Company's Lease Assets and Lease Liabilities | The following table sets forth the balance sheet location and values of the Company’s lease assets and lease liabilities at March 29, 2020:
Classification |  | Balance Sheet Location |  | March 29, 2020 |
Lease Assets |  |  |  |  |  |
Operating lease assets |  | Operating lease assets |  | $ | 6,084 |
Finance lease assets |  | Property, plant & equipment, net |  |  | 23,257 |
Total lease assets |  |  |  | $ | 29,341 |
Lease Liabilities |  |  |  |  |  |
Current operating lease liabilities |  | Current operating lease liabilities |  | $ | 1,709 |
Current finance lease liabilities |  | Current portion of long-term debt |  |  | 4,112 |
Total current lease liabilities |  |  |  | $ | 5,821 |
Non-current operating lease liabilities |  | Non-current operating lease liabilities |  | $ | 4,481 |
Non-current finance lease liabilities |  | Long-term debt |  |  | 8,699 |
Total non-current lease liabilities |  |  |  | $ | 13,180 |
Total lease liabilities |  |  |  | $ | 19,001 |
Schedule of Components of Lease Cost | The following table sets forth the components of UNIFI’s total lease cost for the three months and nine months ended March 29, 2020:
|  | For the Three |  |  | For the Nine |
|  | Months Ended |  |  | Months Ended |
Lease Cost |  | March 29, 2020 |  |  | March 29, 2020 |
Operating lease cost |  | $ | 507 |  |  | $ | 2,104 |
Variable lease cost |  |  | 158 |  |  |  | 355 |
Finance lease cost: |  |  |  |  |  |  |  |
Amortization of lease assets |  |  | 669 |  |  |  | 1,874 |
Interest on lease liabilities |  |  | 126 |  |  |  | 327 |
Short-term lease cost |  |  | 316 |  |  |  | 863 |
Total lease cost |  | $ | 1,776 |  |  | $ | 5,523 |
Schedule of Supplemental Cash Flow Information and Non-Cash Activity Related to Operating Leases | The following table presents supplemental information related to leases at March 29, 2020:
|  | For the Nine |
|  | Months Ended |
Other Information |  | March 29, 2020 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |
Operating cash flows used by operating leases |  | $ | 2,104 |
Financing cash flows used by finance leases |  | $ | 4,606 |
Non-cash activities: |  |  |  |
Leased assets obtained in exchange for new operating lease liabilities |  | $ | 175 |
Leased assets obtained in exchange for new finance lease liabilities |  | $ | 6,301 |
Schedule of Weighted-Average Remaining Lease Term and Discount Rate for Operating Leases and Finance Leases | The following table sets forth UNIFI's weighted average remaining lease term in years and discount rate percentage used in the calculation of its outstanding lease liabilities as of March 29, 2020:
Weighted Average Remaining Lease Term and Discount Rate |  | March 29, 2020 |
Weighted average remaining lease term (years): |  |  |  |
Operating leases |  |  | 4.2 |
Finance leases |  |  | 4.2 |
Weighted average discount rate (percentage): |  |  |  |
Operating leases |  |  | 3.8 | %
Finance leases |  |  | 3.6 | %
Schedule of Future Minimum Lease Payments for Finance Leases and Operating Leases | Future minimum finance lease payments and future minimum payments under non-cancelable operating leases with initial lease terms in excess of one year under Topic 842 as of March 29, 2020 by fiscal year were:
Maturity of Lease Liabilities |  | Finance Leases |  |  | Operating Leases |
Fiscal 2020 |  | $ | 1,560 |  |  | $ | 495 |
Fiscal 2021 |  |  | 3,989 |  |  |  | 1,870 |
Fiscal 2022 |  |  | 3,684 |  |  |  | 1,425 |
Fiscal 2023 |  |  | 1,260 |  |  |  | 1,231 |
Fiscal 2024 |  |  | 1,307 |  |  |  | 1,086 |
Fiscal years thereafter |  |  | 2,625 |  |  |  | 628 |
Total minimum lease payments |  | $ | 14,425 |  |  | $ | 6,735 |
Less estimated executory costs |  |  | (588 | ) |  |  | — |
Less imputed interest |  |  | (1,026 | ) |  |  | (545 | )
Present value of net minimum lease payments |  |  | 12,811 |  |  |  | 6,190 |
Less current portion of lease obligations |  |  | (4,112 | ) |  |  | (1,709 | )
Long-term portion of lease obligations |  | $ | 8,699 |  |  | $ | 4,481 |
Schedule of Future Minimum Capital Lease Payments and Future Minimum Lease Payments Under Non-Cancelable Operating Leases | As reported in the 2019 Form 10-K under the previous accounting guidance, future minimum capital lease payments and future minimum lease payments under non-cancelable operating leases with initial lease terms in excess of one year as of June 30, 2019 by fiscal year were:
|  | Capital Leases |  |  | Operating Leases |
Fiscal 2020 |  | $ | 5,917 |  |  | $ | 3,164 |
Fiscal 2021 |  |  | 2,870 |  |  |  | 2,731 |
Fiscal 2022 |  |  | 2,565 |  |  |  | 1,492 |
Fiscal 2023 |  |  | 189 |  |  |  | 878 |
Fiscal 2024 |  |  | 189 |  |  |  | 755 |
Fiscal years thereafter |  |  | 675 |  |  |  | 309 |
Total minimum lease payments |  | $ | 12,405 |  |  | $ | 9,329 |
Less estimated executory costs |  |  | (644 | ) |  |  |  |
Less interest |  |  | (643 | ) |  |  |  |
Present value of net minimum capital lease payments |  |  | 11,118 |  |  |  |  |
Less current portion of capital lease obligations |  |  | (5,519 | ) |  |  |  |
Long-term portion of capital lease obligations |  | $ | 5,599 |  |  |  |  |
Schedule of Rent Expense | Rental expenses incurred under the operating leases and included in operating income consist of the following:
|  | For the Fiscal Year Ended |
|  | June 30, 2019 |  |  | June 24, 2018 |  |  | June 25, 2017 |
Rental expenses |  | $ | 4,915 |  |  | $ | 4,835 |  |  | $ | 4,357 |

X
- Definition Components Of Leases. + References No definition available. + Details
Name: | ufi_ComponentsOfLeasesTableTextBlock
Namespace Prefix: | ufi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of future minimum lease payments for finance leases and operating leases. + References No definition available. + Details
Name: | ufi_ScheduleOfFutureMinimumLeasePaymentsForFinanceLeasesAndOperatingLeasesTableTextBlock
Namespace Prefix: | ufi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of supplemental cash flow information and non-cash activity related to operating leases. + References No definition available. + Details
Name: | ufi_ScheduleOfSupplementalCashFlowInformationAndNonCashActivityRelatedToOperatingLeasesTableTextBlock
Namespace Prefix: | ufi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of weighted-average remaining lease term and discount rate for operating leases and finance leases. + References No definition available. + Details
Name: | ufi_ScheduleOfWeightedAverageRemainingLeaseTermAndDiscountRateForOperatingLeasesAndFinanceLeasesTableTextBlock
Namespace Prefix: | ufi_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 30 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=84164817&loc=d3e45280-112737 + Details
Name: | us-gaap_ScheduleOfFutureMinimumLeasePaymentsForCapitalLeasesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of rental expense from operating leases for each period for which an income statement is presented with separate amounts for minimum rentals, contingent rentals, and sublease rentals. Rental payments under leases with terms of a month or less that were not renewed need not be included. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 + Details
Name: | us-gaap_ScheduleOfRentExpenseTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration